Tag: Staking Beyond

Staking has emerged as a popular way to earn rewards and actively participate in the blockchain ecosystem. It's a process where cryptocurrency holders lock up a portion of their holdings to support the operation of a blockchain network. This locked-up cryptocurrency is then used to validate transactions and maintain the integrity of the network. In return for their participation, stakers receive rewards in the form of additional cryptocurrency. Let's dive deeper into understanding how staking works, its benefits, and what you should consider before getting started. What is Staking and How Does it Work? Understanding Proof of Stake (PoS) Staking is primarily associated with Proof of Stake (PoS) blockchains. PoS is a consensus mechanism that replaces the energy-intensive Proof of Work (PoW) ...